Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash $ 204,000 $ 136,000
Prepaid expenses and other current assets 38,000 26,000
Total current assets 242,000 162,000
Property and equipment, net of accumulated depreciation of $51,000 and $32,000 at December 31, 2017 and 2016, respectively 46,000 17,000
Other assets 2,000 7,000
Total assets 290,000 186,000
Current liabilities:    
Accounts payable-license agreements 852,000 805,000
Accounts payable and accrued expenses 748,000 251,000
Accrued expenses -related parties 31,000 135,000
Deposit and other current liabilities 0 5,000
Convertible debentures, net of discounts of $47,000 and $92,000 at December 31, 2017 and 2016, respectively 533,000 348,000
Total current liabilities 2,164,000 1,544,000
Commitments and contingencies 0 0
Stockholders' deficit    
Common stock, $0.001 par value: 500,000,000 shares authorized, 234,076,907 shares issued and outstanding, and 300,000,000 shares authorized, 199,045,026 shares issued and outstanding at December 31, 2017 and 2016, respectively 234,077 199,045
Additional paid-in capital 108,000,923 103,716,955
Accumulated deficit (110,109,000) (105,274,000)
Total stockholders' deficit (1,874,000) (1,358,000)
Total liabilities and stockholders' deficit $ 290,000 $ 186,000